Tata Consultancy Services (TCS) has announced a change in the ownership structure of its subsidiary HyperVault AI Data Center Limited following a strategic investment by global investment firm TPG Terabyte Bidco Pte. Ltd.
The transaction involves a capital infusion of nearly ₹199 crore and results in TPG acquiring a 49% stake in the company. As a result, HyperVault will no longer remain a wholly owned subsidiary of TCS.
TPG Terabyte Bidco Pte. Ltd. has invested approximately ₹199.36 crore in HyperVault AI Data Center Limited. The investment was executed through a share subscription process under previously agreed terms between the parties.
The transaction marks a strategic partnership aimed at supporting the development of artificial intelligence-focused data centre infrastructure.
The investment followed the completion of conditions outlined in the Securities Subscription Agreement and the Shareholders’ Agreement signed in November 2025.
On March 9, 2026, TPG Terabyte subscribed to securities issued by HyperVault. The allotment included multiple categories of shares structured as part of the capital investment.
Under the transaction, HyperVault issued several securities with a face value of ₹100 each. These included:
The combination of equity and convertible preference shares formed the structure through which the investment was completed.
Following the share allotment, TPG Terabyte now holds 49% of HyperVault’s total paid-up share capital on a fully diluted basis.
This investment has reduced the shareholding of Tata Consultancy Services in the company, resulting in HyperVault no longer being classified as a wholly owned subsidiary of TCS.
HyperVault AI Data Center Limited was incorporated on October 29, 2025. The company is focused on building infrastructure designed to support artificial intelligence workloads, including specialised data centre facilities.
Such infrastructure is increasingly important as businesses expand their use of AI technologies that require high computing power and advanced data processing capabilities.
As of December 31, 2025, HyperVault reported a net worth of approximately ₹208.38 crore. Since the company was recently incorporated, it had not yet begun generating revenue during the initial phase of its operations.
The investment from TPG is expected to support the company’s development plans and infrastructure expansion.
Shares of Tata Consultancy Services were trading at ₹2,498.70 as of March 10, 2026, reflecting a decline of ₹28.70 or about 1.14% from the previous closing price of ₹2,527.40.
During the trading session, the stock opened at ₹2,541.00 and reached a high of ₹2,545.20, while the day’s low was recorded at ₹2,490.10.
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The investment by TPG Terabyte in HyperVault AI Data Center Limited represents a shift in the ownership structure of the company while introducing a strategic partner in the AI infrastructure segment.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all related documents carefully before investing.
Published on: Mar 10, 2026, 2:01 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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